Overview & Key Facts
HAZEL PARK TERRACE is a 999 yrs lease commencing from 1882 condominium at HAZEL PARK TERRACE in District 23 (OCR), developed by ARTS ASSOCIATE COMPANY PTE LTD & HONG LEONG HOLDINGS, comprising 80 units, completed in 1998.
Location & Connectivity
HAZEL PARK TERRACE is approximately 390m from Cashew MRT station, with 11 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Cashew | Downtown Line | 390m |
| Petir | Bukit Panjang LRT | 640m |
| Pending | Bukit Panjang LRT | 650m |
| Bukit Panjang | Downtown Line | 780m |
| Bukit Panjang | Bukit Panjang LRT | 780m |
| Hillview | Downtown Line | 1.1 km |
Schools & Education
11 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 520m |
| Springdale Primary School | Primary | 1.1 km |
| Fajar Secondary School | Secondary | 1.1 km |
| Bukit Panjang Government High School | Secondary | 1.1 km |
| Bukit Panjang Primary School | Primary | 1.2 km |
| Xishan Primary School | Primary | 1.3 km |
| Greenridge Secondary School | Secondary | 1.4 km |
| West Spring Secondary School | Secondary | 1.6 km |
Market Position
HAZEL PARK TERRACE has recorded 3 sales at an average price of $5,226,000.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,808 psf | — |
| 2022 | 1 | $1,396 psf | ↓ 22.8% |
| 2025 | 1 | $1,960 psf | ↑ 40.4% |
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The latest reading marks the highest point in this series — HAZEL PARK TERRACE prices have climbed 8.4% since 2021.
Price Index Check
The ShiokNest Price Index for District 23 reads 128.2 as of June 2026 — up 3.6% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | $1,389 psf | 568 |
| MIDWOOD | 99 yrs lease commencing from 2018 | $1,736 psf | 544 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | $1,660 psf | 458 |
| THE MYST | 99 yrs lease commencing from 2023 | $2,093 psf | 390 |
Lease Analysis
With 71 years remaining on its 99-year lease, HAZEL PARK TERRACE still qualifies for full bank financing and CPF usage.
What Could Work Against You
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
This is a strong match for p1 school balloting families, nature / park-fronting and first-time hdb upgraders. Sits within the 1km MOE catchment of one or more popular primary schools — confirm exact distance for your target school.
car-owning households and long-term hold (10+ yr) should treat this as a shortlist candidate, not a default choice.
yield-focused investors and resort facilities should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
HAZEL PARK TERRACE is a 999 yrs lease commencing from 1882 development in District 23 (OCR), with 80 units, offering a gross yield of 1.3%.
At ~$1,960 psf, it represents a competitive entry point in the OCR segment.
Explore the full HAZEL PARK TERRACE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing HAZEL PARK TERRACE against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (320m away), an upgrader gap of about $4,650,000
- Choa Chu Kang — 4-room average $559,427 (1.2 km away), an upgrader gap of about $4,650,000
- Bukit Batok — 4-room average $626,224 (1.6 km away), an upgrader gap of about $4,600,000
FAQ
What is the average PSF for HAZEL PARK TERRACE?
Is HAZEL PARK TERRACE freehold?
What is the rental yield for HAZEL PARK TERRACE?
Which MRT is nearest to HAZEL PARK TERRACE?
Sources & Next Steps
- HAZEL PARK TERRACE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) — District 23 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 3 transactions
- Rental data: 13 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2025 · 3 records analysed · Source: URA private-sale caveats